home loans
A new data series from the Reserve Bank shows recent promotion of lower interest rates for three-year mortgage terms by some of the major banks has swayed significant numbers of customers to 'go longer' with their terms
6th Jul 23, 3:53pm
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A new data series from the Reserve Bank shows recent promotion of lower interest rates for three-year mortgage terms by some of the major banks has swayed significant numbers of customers to 'go longer' with their terms
[updated]
July kicks off with a sharp hike by ASB to its one year fixed mortgage rate, taking it to its highest since late 2008. Will rivals follow?
3rd Jul 23, 10:25am
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July kicks off with a sharp hike by ASB to its one year fixed mortgage rate, taking it to its highest since late 2008. Will rivals follow?
Kiwibank economists say all three key drivers of the housing market point to a stronger market and house price gains; Westpac economists say housing market one of the key things they will be watching
19th Jun 23, 1:53pm
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Kiwibank economists say all three key drivers of the housing market point to a stronger market and house price gains; Westpac economists say housing market one of the key things they will be watching
[updated]
There have been home loan rate changes up (main banks) and down (challenger bank) this week. We update who has changed what, and review what fixed terms are the most popular, and how that popularity has changed
16th Jun 23, 5:00pm
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There have been home loan rate changes up (main banks) and down (challenger bank) this week. We update who has changed what, and review what fixed terms are the most popular, and how that popularity has changed
CEO Mark Wilkshire says growing mortgage market share during tough times is a good strategy for The Co-operative Bank
15th Jun 23, 10:13am
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CEO Mark Wilkshire says growing mortgage market share during tough times is a good strategy for The Co-operative Bank
BNZ economists say if they are right about the housing market having bottomed then prices will be levelling out around 20% above pre-pandemic levels
7th Jun 23, 10:51am
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BNZ economists say if they are right about the housing market having bottomed then prices will be levelling out around 20% above pre-pandemic levels
A new data series from the Reserve Bank shows that preferences for duration of fixed term loans have shifted rapidly during the past two years based on what is on offer at the time
7th Jun 23, 9:17am
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A new data series from the Reserve Bank shows that preferences for duration of fixed term loans have shifted rapidly during the past two years based on what is on offer at the time
During the past 20 years only the post-global financial crisis period saw slower starts to the year for the mortgage market, Reserve Bank data shows
5th Jun 23, 6:01am
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During the past 20 years only the post-global financial crisis period saw slower starts to the year for the mortgage market, Reserve Bank data shows
ASB pushes up some key fixed home loan rates well above its main rivals as both wholesale and term deposit rates raise, a warning signal that mortgage rates have more upside
2nd Jun 23, 10:38am
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ASB pushes up some key fixed home loan rates well above its main rivals as both wholesale and term deposit rates raise, a warning signal that mortgage rates have more upside
Banks to be allowed to do a bit more high LVR lending from June 1, RBNZ says
Benje Patterson argues banks’ narrow focus on short-term profitability has set some households up to fail
24th May 23, 10:00am
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Benje Patterson argues banks’ narrow focus on short-term profitability has set some households up to fail
Banks offering cash to borrowers taking out house insurance with, and sometimes without, their home loans
20th May 23, 9:17am
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Banks offering cash to borrowers taking out house insurance with, and sometimes without, their home loans
Surging inbound migration seen adding demand to the New Zealand economy, with Westpac economists now forecasting a net gain of 100,000 migrants this year
16th May 23, 5:00am
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Surging inbound migration seen adding demand to the New Zealand economy, with Westpac economists now forecasting a net gain of 100,000 migrants this year
ANZ economists say latest sales figures are consistent with a housing market that's nearing a turn, while the increased demand for housing from migration is likely to put upward pressure on prices
15th May 23, 10:55am
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ANZ economists say latest sales figures are consistent with a housing market that's nearing a turn, while the increased demand for housing from migration is likely to put upward pressure on prices
David Hargreaves looks at some issues that need tackling ahead of the next housing boom, because yes, there will be another
12th May 23, 5:00am
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David Hargreaves looks at some issues that need tackling ahead of the next housing boom, because yes, there will be another
Westpac NZ CEO Catherine McGrath tells home buyers who bought for the long-term at house price peaks to hang in there
9th May 23, 11:16am
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Westpac NZ CEO Catherine McGrath tells home buyers who bought for the long-term at house price peaks to hang in there
ANZ NZ boss runs through a range of options for struggling home loan borrowers before the 'last resort' of a mortgagee sale
8th May 23, 1:49pm
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ANZ NZ boss runs through a range of options for struggling home loan borrowers before the 'last resort' of a mortgagee sale
[updated]
ANZ NZ's half-year profit falls despite strong rise in income, led by net interest income, and lower expenses
5th May 23, 10:05am
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ANZ NZ's half-year profit falls despite strong rise in income, led by net interest income, and lower expenses
Reserve Bank concedes that about 25% of outstanding mortgages were stress-tested by banks at lower interest rates than prevail now
4th May 23, 11:54am
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Reserve Bank concedes that about 25% of outstanding mortgages were stress-tested by banks at lower interest rates than prevail now
Reserve Bank says about a quarter of the current outstanding mortgage stock was taken out during the peak of the housing boom in 2020-21 - with a fifth of this taken by first home buyers
2nd May 23, 11:12am
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Reserve Bank says about a quarter of the current outstanding mortgage stock was taken out during the peak of the housing boom in 2020-21 - with a fifth of this taken by first home buyers
And then there were two: Two of the major banks are now offering under 6% for three years as anticipation of future OCR cuts drives increased competition in longer-term fixed mortgages
27th Apr 23, 9:14am
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And then there were two: Two of the major banks are now offering under 6% for three years as anticipation of future OCR cuts drives increased competition in longer-term fixed mortgages
Banks say many of their borrowers are ahead of schedule on home loan repayments but tougher times are ahead
25th Apr 23, 9:00am
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Banks say many of their borrowers are ahead of schedule on home loan repayments but tougher times are ahead
[updated]
ASB makes home loan and term deposit changes, but leaves its floating mortgage rate unchanged. The timid changes reflect a timid housing loan market
19th Apr 23, 9:34am
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ASB makes home loan and term deposit changes, but leaves its floating mortgage rate unchanged. The timid changes reflect a timid housing loan market
[updated]
First ANZ and now Westpac have moved up on many home loan rates following the OCR hike - but Westpac has cut some longer fixed rates, and quite hard
13th Apr 23, 4:27pm
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First ANZ and now Westpac have moved up on many home loan rates following the OCR hike - but Westpac has cut some longer fixed rates, and quite hard
Mortgage rates were unmoved by the RBNZ’s big hike as traders bet any increase now will be matched with a cut later
12th Apr 23, 9:54am
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Mortgage rates were unmoved by the RBNZ’s big hike as traders bet any increase now will be matched with a cut later